A puzzling pair of announcements
A trading holt and CR followed by a Rex 3 update which is way out there on the far edge of what is possible.
It is going to have to be a really good oil field or the rest of Wizard Lake. Either way we will be big winners. I don’t think the share price will go down much as a 1,000 bopd is a huge cash flow and that is only one Rex. Add Rex 1 and 2, and we will have to be producing over 1,500 bopd.
1,500 bopd at. $30 per barrel profit is $45,000 per day.
Hahahaha that’s $1,350,000 per month PROFIT.
And 20 more wells and a new field.
Cheers
Merry Christmas
Saltbus
Ann: Trading Halt, page-39
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